Short Interest in VanEck Africa Index ETF (NYSEARCA:AFK) Grows By 484.4%

VanEck Africa Index ETF (NYSEARCA:AFKGet Free Report) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 17,521 shares, a growth of 484.4% from the November 30th total of 2,998 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 42,897 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 42,897 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Africa Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of AFK. IFP Advisors Inc acquired a new position in VanEck Africa Index ETF in the third quarter valued at $34,000. Raymond James Financial Inc. purchased a new stake in shares of VanEck Africa Index ETF in the 2nd quarter valued at about $110,000. Barometer Capital Management Inc. acquired a new stake in shares of VanEck Africa Index ETF in the 3rd quarter valued at about $139,000. Wealthfront Advisers LLC purchased a new position in VanEck Africa Index ETF during the 3rd quarter worth approximately $227,000. Finally, WCG Wealth Advisors LLC purchased a new position in VanEck Africa Index ETF during the 3rd quarter worth approximately $281,000.

VanEck Africa Index ETF Trading Down 0.3%

AFK stock opened at $26.77 on Thursday. The stock has a market cap of $97.71 million, a P/E ratio of 11.91 and a beta of 0.73. VanEck Africa Index ETF has a twelve month low of $15.07 and a twelve month high of $27.00. The company’s 50 day moving average is $24.65 and its two-hundred day moving average is $22.87.

About VanEck Africa Index ETF

(Get Free Report)

The VanEck Africa Index ETF (AFK) is an exchange-traded fund that is based on the MVIS GDP Africa index, a GDP and market-cap-weighted index of companies generating a majority of their revenues in Africa. AFK was launched on Jul 10, 2008 and is managed by VanEck.

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